ASEAN Sets Bold Economic Agenda Amid Global Uncertainty

At the 46th ASEAN Summit in Kuala Lumpur, Southeast Asian leaders unveiled ambitious plans to strengthen regional integration, boost economic resilience, and deepen strategic partnerships.

ASEAN advances trade, energy, and strategy for a resilient future.

Major Trade Pacts Finalized

Malaysia, as ASEAN Chair for 2025, announced the conclusion of two landmark agreements: the ASEAN-China Free Trade Area (ACFTA) 3.0 and an upgraded ASEAN Trade in Goods Agreement (ATIGA). Set for signing in October, these pacts aim to reduce trade barriers, enhance digital and green economy collaboration, and reinforce intra-ASEAN supply chains.

A New Economic Blueprint

The upcoming AEC Strategic Plan 2026–2030 will chart ASEAN’s path for the next five years. With a focus on digital transformation, MSME growth, and sustainability, the plan includes six strategic goals and nearly 200 action points aligned with ASEAN’s Vision 2045.

Powering Up Regional Energy Links

Negotiations also concluded on the Enhanced ASEAN Power Grid Agreement, aimed at increasing cross-border electricity trade and supporting the region’s energy transition. A financing framework is being developed to attract private investment into infrastructure projects like subsea power cables.

ASEAN's Role in a Shifting Global Landscape

Singapore’s PM Lawrence Wong stressed the need for ASEAN to step up integration efforts, eliminate non-tariff barriers, and engage global partners more deeply—particularly in digital and green growth sectors. He warned against rising protectionism and called for more agile cooperation models.

Looking Ahead

Malaysia’s Kuala Lumpur Declaration will reinforce ASEAN’s focus on digital readiness, institutional resilience, and preparedness for geopolitical shocks. With new trade deals, strategic planning, and expanded partnerships, ASEAN is positioning itself as a united, future-ready economic powerhouse.